Point72 Asset Management L.P. cut its holdings in Bumble Inc. (NASDAQ:BMBL - Free Report) by 78.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 247,227 shares of the company's stock after selling 925,605 shares during the period. Point72 Asset Management L.P. owned approximately 0.23% of Bumble worth $2,012,000 at the end of the most recent reporting period.
A number of other large investors have also recently bought and sold shares of the business. JPMorgan Chase & Co. lifted its position in Bumble by 2.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 131,854 shares of the company's stock worth $841,000 after acquiring an additional 2,760 shares during the last quarter. SG Americas Securities LLC lifted its position in Bumble by 189.2% during the 4th quarter. SG Americas Securities LLC now owns 32,107 shares of the company's stock worth $261,000 after acquiring an additional 21,006 shares during the last quarter. Janney Montgomery Scott LLC acquired a new position in Bumble during the 4th quarter worth $214,000. Westbourne Investment Advisors Inc. lifted its position in Bumble by 18.4% during the 4th quarter. Westbourne Investment Advisors Inc. now owns 486,446 shares of the company's stock worth $3,960,000 after acquiring an additional 75,635 shares during the last quarter. Finally, Empowered Funds LLC acquired a new position in Bumble during the 4th quarter worth $187,000. 94.85% of the stock is currently owned by institutional investors.
Bumble Trading Down 2.1%
BMBL stock traded down $0.12 during midday trading on Friday, reaching $5.72. The company's stock had a trading volume of 1,886,640 shares, compared to its average volume of 3,128,717. Bumble Inc. has a 52 week low of $3.55 and a 52 week high of $12.03. The stock has a market cap of $590.82 million, a PE ratio of -1.17 and a beta of 1.76. The company has a quick ratio of 2.09, a current ratio of 2.09 and a debt-to-equity ratio of 0.75. The business's 50-day simple moving average is $4.65 and its 200-day simple moving average is $6.50.
Bumble (NASDAQ:BMBL - Get Free Report) last announced its quarterly earnings data on Wednesday, May 7th. The company reported $0.13 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.16 by ($0.03). Bumble had a negative net margin of 54.19% and a positive return on equity of 3.31%. The business had revenue of $247.10 million during the quarter, compared to the consensus estimate of $246.68 million. During the same period in the previous year, the business posted $0.19 earnings per share. Bumble's revenue was down 7.7% compared to the same quarter last year. As a group, sell-side analysts expect that Bumble Inc. will post 4.19 EPS for the current year.
Wall Street Analyst Weigh In
A number of research firms have weighed in on BMBL. The Goldman Sachs Group boosted their target price on shares of Bumble from $8.00 to $9.00 and gave the stock a "buy" rating in a research report on Thursday, May 8th. Royal Bank of Canada cut their target price on shares of Bumble from $7.00 to $5.00 and set an "outperform" rating for the company in a research report on Thursday, May 8th. Evercore ISI cut their price objective on shares of Bumble from $8.00 to $7.00 and set an "in-line" rating for the company in a research report on Wednesday, February 19th. Susquehanna cut their price objective on shares of Bumble from $6.00 to $5.00 and set a "neutral" rating for the company in a research report on Friday, March 7th. Finally, Citigroup cut their price objective on shares of Bumble from $6.80 to $4.80 and set a "neutral" rating for the company in a research report on Friday, April 25th. One equities research analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $6.71.
Check Out Our Latest Research Report on Bumble
About Bumble
(
Free Report)
Bumble Inc provides online dating and social networking platforms in North America, Europe, internationally. It owns and operates websites and applications that offers subscription and in-app purchases dating products. The company operates apps, including Bumble, a dating app built with women at the center, where women make the first move; Badoo, the web and mobile free-to-use dating app; Official app where users connect their profile with that of their partner enabling a shared, linked product experience; Bumble BFF and Bumble Bizz Modes that have a format similar to the date mode requiring users to set up profiles and matching users through yes and no votes, similar to the dating platform; and Bumble for Friends, a friendship app where people in all stages of life can meet people nearby and create meaningful platonic connections, as well as Fruitz app is centered around encouraging honesty and transparency by sharing dating intentions from the first touch point.
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